33020 Property Tax Rate

Property owners in ZIP code 33020 (Hollywood, Florida) pay a median of $2,618/year in property taxes on homes valued at $306,700. This translates to an effective tax rate of 0.85%, which is 12% above the Florida state average of 0.76%.

The monthly property tax burden for a median-valued home in 33020 is approximately $218, which factors into escrow payments on mortgages. This ZIP code is located within Broward County.

Compared to similar ZIP codes in Florida, 33020 has higher property taxes. ZIP codes with similar effective rates include 33134 (0.85%) and 34114 (0.85%).

In Hollywood, property taxes represent approximately 5.0% of the median household income of $52,535, providing context for the relative tax burden on homeowners in this area.

Under Florida's Save Our Homes Act, your homestead property's assessed value is capped at 3% annually, but resets to market value upon sale—Broward County's higher effective rate (0.86%) means your tax bill will increase significantly at purchase. Broward County offers a $25,000 homestead exemption plus an additional $25,000 exemption for non-school taxes; apply with the Broward County Property Appraiser immediately after closing to reduce your taxable value. File online at bcpao.us or visit a regional office within 30 days to ensure your exemption is applied to your first bill.